Fund seeks control of yum China
By Wang Zhuoqiong | China Daily | Updated: 2016-04-20 09:14
Report says the deal could value the company at up to $8 billion
A consortium backed by sovereign fund China Investment Corp has expressed interest in buying a majority stake in Yum Brands Inc's China business, which runs more than 7,100 KFC and Pizza Hut eateries across the country, Bloomberg reported on Tuesday.
KKR & Co, a firm reported to be in the consortium, said in an e-mail to China Daily that it was "unable to comment on market speculation".
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